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For the past year or more, Google's Penguin updates have focused on artificial links such as forum signature links and other links that webmasters create for themselves one way or another in forums, blogs, online directories, etc. - especially when done in large numbers. I would not recommend posting in forums just to get a signature link, but if you were to participate in small number of forums that were related to your site and occasionally include a relevant link to your own site in the body of your message, you'd probably be OK and the links might even help your rankings a bit. But you definitely want to avoid having your rankings reduced by Penguin. Very few people have managed to recover from it.

Yes.Forum Submission should help to increase the website's keywords ranking.Because by posting forum,you would get good backlinks to your website.That backlinks should not expire in any time and also not affected by Google algorithms.

If you post unnecessary links in forum it will give your site negative effect. Take participate in discussion at first. Then if you find that your link provide relevant information to user then you may use link . Yes if the link is relevant and justified then your site will get importance. Search engine consider as natural link.

Forum Posting is one of the important off page activity for us. if we are posting on high PR forums this may Boost the Ranking of your website and Traffic as well. this gives you more weight age then all other activity. forums are much strict then article and Bookmarking So be care full while posting on forums for avoiding the account suspension...